Sacramento Appraisal Blog
AUGUST 11, 2021
The housing market has turned the corner and we are seeing definitive slowing. Here are ten ways I’m seeing slowing in the market. If you’re not local, what are you seeing in your area? NOT DULL: The market is slowing, but it’s not dull. It is still really competitive. DOOM AND GLOOM: The doom and […].
Housing Wire
AUGUST 11, 2021
“We think it’s mainstream,” Opendoor CEO Eric Wu said of his company’s instant homebuying platform. “All the homeowners crave what we’re offering.”. “Over the long haul,” Wu added, regarding iBuying. “We think it will be the majority of transactions.”. That could be the future, but in the present iBuying is about.5% of U.S. home sales , per a Redfin report in June.
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Appraisal Buzz
AUGUST 11, 2021
Commercial and multifamily mortgage bankers are expected to close $578 billion of loans backed by income-producing properties in 2021 – a 31% increase from 2020’s volume of $442 billion, according to the Mortgage Bankers Association ’s (MBA) newest forecast. Total multifamily lending alone, which includes some loans made by small and midsize banks not captured in the overall total, is forecast to rise to $409 billion in 2021 – a new record and a 13%.
Housing Wire
AUGUST 11, 2021
Rocket Homes has plans to start iBuying – and discount real estate. The Detroit-based company – and no. 1 mortgage lender in the U.S. by volume – fired off a 1,490-word press release Tuesday declaring its intention to “combine every aspect of home selling and buying into one simple, customizable platform.”. Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass.
Appraisal Buzz
AUGUST 11, 2021
The Mortgage Bankers Association’s (MBA) said its Market Composite Index, a measure of mortgage loan application volume, rose 2.8 percent on a seasonally adjusted basis during the week ended August 8. It was up 3 percent on an unadjusted basis. The volume of both refinance and purchase mortgage applications gained ground from the prior week. The Refinance Index increased 3 percent although it was 8 percent lower than the same week in 2020.
Housing Wire
AUGUST 11, 2021
Mortgage applications increased 2.8% for the week ending Aug. 6, and there are signs that at least some first-time homebuyers are finding opportunities despite high home prices. Ten-year Treasury yields rose slightly at the end of last week after the July jobs report exceeded expectations. That was enough to drive mortgage rates up slightly to 3.08%, according to the latest report from the Mortgage Bankers Association.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 11, 2021
Insights by ICE Mortgage Technology. Insights by ICE Mortgage Technology is the only analytics solution that can provide near real-time industry and peer benchmarking, out-of-the-box, with key metrics for efficiency, operational costs, rates, market penetration and numerous other key data points so you can be better informed to make smart data-driven business decisions.
Appraisal Buzz
AUGUST 11, 2021
PERSON OF THE WEEK: Mortgage lenders would be wise to keep a close eye on the passage of the SECURE Notarization Act of 2021, which would in essence establish a national standard for the use of Remote Online Notarization (RON). The bill – a previous version of which failed to pass last year – was recently reintroduced in the U.S. Senate.
Housing Wire
AUGUST 11, 2021
Tavant FinXperience Broker. Tavant’s FinXperience Broker Platform is powered by V?LOX, an AI-powered TPO lending platform, that brings Loan Originators and TPO Brokers together, providing real-time data exchange and data-driven processes to ensure a more fluid experience for brokers, boosting productivity and reducing loan cycle times. Product Fast Facts. #1.
Appraisal Buzz
AUGUST 11, 2021
With rates continuing to linger below the 3% mark and job growth showing prolonged gains, mortgage applications are picking up steam, led by a high in refi volume not seen since February. The post Six-Month High in Refi Activity Propels Rise in App Volume appeared first on theMReport.com. The post Six-Month High in Refi Activity Propels Rise in App Volume appeared first on Appraisal Buzz.
Housing Wire
AUGUST 11, 2021
The Consumer Financial Protection Bureau (CFPB) is fulfilling its promise to scrutinize mortgage servicers, and some servicers are riding the forbearance exit wave better than others. In a new report, which drew on data from 16 mortgage servicers from December 2020 to April 2021, the CFPB found a marked increase in the share of borrowers exiting forbearance and becoming delinquent without any loss mitigation in place.
Appraisal Buzz
AUGUST 11, 2021
For the 13th consecutive month, Ginnie Mae issuance volume exceeds the $70 billion mark, assisting 274,000-plus homeowners and renters with financing in July. The post Ginnie Mae’s MBS Issuance Volume Rises in July appeared first on DSNews. The post Ginnie Mae’s MBS Issuance Volume Rises in July appeared first on Appraisal Buzz.
Housing Wire
AUGUST 11, 2021
Insellerate Customer Experience Platform. Insellerate helps lenders close more loans through better borrower engagement. The mortgage industry’s most innovative Customer Experience Platform (CEP) which delivers Lead Management, Sales Enablement, Engagement, a Robust Mortgage Specific Content Library, and Data Intelligence all in one comprehensive and highly scalable platform.
Appraisal Buzz
AUGUST 11, 2021
When the borrower does not remit the full amount owed on a mature loan, servicers are faced with legal considerations. The post Deflating a Balloon Partial Payment Conundrum appeared first on DSNews. The post Deflating a Balloon Partial Payment Conundrum appeared first on Appraisal Buzz.
Housing Wire
AUGUST 11, 2021
Coheus. Coheus is a solution that quickly exploits the oceans of data trapped in your LOS by transforming that data into actionable intelligence. Coheus provides ‘treasure maps’ that show you how to increase profit, increase efficiency and increase productivity while reducing revenue leakage, and improving data integrity. Product Fast Facts. #1. Coheus is an easy to use point and click solution designed with the thought leadership of 300 mortgage executives. #2.
Appraisal Buzz
AUGUST 11, 2021
Mortgage-industry association REOMAC has been renamed as National Association of Default Professionals (NADP) to more accurately reflect the organization’s charter as well as better identify with the professionals and companies that comprise the association’s membership. The new branding was unveiled at the association’s annual summit in Denver, Colorado by association president Mark Paniccia.
Housing Wire
AUGUST 11, 2021
Capacity. Capacity is an AI-powered mortgage support automation platform that connects your entire tech stack to answer questions, automate repetitive support tasks, and build solutions to any business challenge. Capacity provides everything you need to support your borrowers, sellers, and support staff in one powerful platform. Product Fast Facts. #1.
Appraisal Buzz
AUGUST 11, 2021
Brian Carlsen has been promoted to vice president of risk management at Cherry Creek Mortgage , a nationwide, full-service mortgage lender. Carlsen is a 28-year veteran of the mortgage industry. He joined Cherry Creek in 2013. Prior to his promotion, he served as senior credit policy manager and used his extensive working knowledge of loan production and manufacturing processes to support numerous initiatives and departments within the company.
Housing Wire
AUGUST 11, 2021
Candor. Candor’s Loan Engineering System enables a 1 underwriter touch loan on 70% of loans. Get massive ROI from reduced fallout, zero repurchase risk, and improved hedge. Learn how you can move from Intent to Proceed to Approved with Conditions in 8 hours with one button click. Product Fast Facts. #1. Enables 1 underwriter touch on 70% of loans. #2.
Appraisal Buzz
AUGUST 11, 2021
Mortgage application volume increased 2.8% on an adjusted basis during the week ended August 6, as rates increased slightly, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 3% compared with the previous week while applications for purchases increased 2%. Year over year, applications for refinances were down 8% while applications for purchases were down 18%.
Housing Wire
AUGUST 11, 2021
Borrower Intelligence. To date, Sales Boomerang alerts have enabled lenders to close more than $30 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. Join Mike Spotten, VP of Product, as he unveils the newly designed Sales Boomerang dashboard and shows the power of each alert type.
George Dell
AUGUST 11, 2021
“Appraisal is not an exact science” are words I used to hear a lot. This understandable view leaves much to be explained. In the USA, appraisal is an opinion of value by an appraiser. (Licensed, and when required, for “federally related transactions”.) All other types of valuations have different or no regulations. However, they are […]. The post Is Appraisal Scientific?
Appraisal Buzz
AUGUST 11, 2021
New underwriting changes will allow the GSE to incorporate consistent rent payment history in evaluating credit to qualify more borrowers for mortgages. The post Fannie Mae Opens the Door for Renters to Become Homeowners appeared first on theMReport.com. The post Fannie Mae Opens the Door for Renters to Become Homeowners appeared first on Appraisal Buzz.
GoForrmz
AUGUST 11, 2021
Digital daily job reports present teams with countless opportunities to streamline their workflows and enhance critical daily processes Daily job reporting can be a tedious and daunting task when relying on paper forms. Oftentimes, field teams would rather not complete daily reports, or in most cases, they simply get lost, resulting in missing data, communication barriers, and frustrations amongst collaborating teams.
Appraisal Buzz
AUGUST 11, 2021
In an effort to offset an imbalance in homeownership, Fannie Mae will begin to account for rental payments in its underwriting decision-making process to help bridge the gap to homeownership. The post Underwriting Guideline Change by Fannie Mae Bridges the Gap to Homeownership appeared first on DSNews. The post Underwriting Guideline Change by Fannie Mae Bridges the Gap to Homeownership appeared first on Appraisal Buzz.
Eyes on Housing
AUGUST 11, 2021
Headline inflation and core inflation slowed in July after hitting a 13-year high in June. As the economy reopens, supply-chain disruptions and rebounding demand for certain services and products, such as travel-related services, pushed up consumer prices. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.
Appraisal Buzz
AUGUST 11, 2021
Researchers note “a general migration pattern toward southern, southwestern and mountain states” accelerated by the pandemic. The post Top 10 Cities for Home-Price Growth appeared first on theMReport.com. The post Top 10 Cities for Home-Price Growth appeared first on Appraisal Buzz.
Valuation Review
AUGUST 11, 2021
Valuation Review recently spoke with Reggora Appraisal Compliance & Initiatives Director Ken Dicks, who discussed his life as an appraiser from residential to commercial work, and then back to residential. He also shed light on how things can go smoother for appraisers moving forward. Read on for more.
Appraisal Buzz
AUGUST 11, 2021
Pandemic-prompted migration has led to some cities experiencing more-intense surges than others. The post Hottest Local Housing Markets appeared first on DSNews. The post Hottest Local Housing Markets appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 11, 2021
Are you looking to save some money? Do you need a property and don’t mind doing some repairs to get you started? Do you want to start investing in property? Well, look no further—distressed properties might be just what you need.
Appraisal Buzz
AUGUST 11, 2021
Through a three-year financial pledge, Chase intends to boost diversity and inclusion efforts, and facilitate entry into the appraisal profession. The post Chase Makes $3 Million Investment in Appraiser D&I appeared first on theMReport.com. The post Chase Makes $3 Million Investment in Appraiser D&I appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 11, 2021
There’s a new three-peat on the BiggerPockets Real Estate Podcast, and no, it’s not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today’s episode […].
Appraisal Buzz
AUGUST 11, 2021
In his new director of enterprise solutions role with DocMagic Inc., Chris Lewis provides consultative, analytical and solution-crafting insight for enterprise accounts to implement DocMagic’s comprehensive Total eClose platform, eNotes and eVaults, among other technologies. Lewis has a background in the mortgage industry spanning more than 25 years working for banks, lenders, servicers, technology providers and other entities in the supply chain.
Valuation Review
AUGUST 11, 2021
Cherry Creek Mortgage has hired Lorie Helms as chief technology officer. Helms has experience in mortgage loan origination, due diligence, servicing, and collateral management.
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